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AMD’s Q2 revenue grows 9% to $5.8B, beating analyst expectations
Advanced Micro Devices report that its revenues for the second quarter were $5.8 billion, up 9% from a year ago and above analyst expectations.
Client segment revenue was $1.5 billion, up 49% from a year ago and 9% over the prior quarter driven by AMD Ryzen processor sales. Gross profit margins were 53% on a non-GAAP basis, and net income was $1.1 billion, up 19% from a year ago and 11% from the previous quarter. “Our AI business continued accelerating and we are well positioned to deliver strong revenue growth in the second half of the year led by demand for Instinct, EPYC and Ryzen processors.
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